Demand for Green Buildings in the Philippines Increases

JLL Philippines, real estate services and consultancy firm, argue that the country is ready to turn their original approach to real estate into a more sustainable and responsible one and that demand is increasing, especially among occupiers. “It takes a lot of time to create a sustainable society , but the consciousness about it is growing even more due to the COVID-19.” said Joey Radovan, JLL Philippines’ vice chairman. JLL Asia Pacific shows  broader real estate sustainability developments in Asia pacific where 40% of corporate occupiers have already adopted net zero carbon emission targets and another 40% are planning to adopt that target by 2025. Mika Kania, JLL Energy and Sustainability Services Product Enablement Manager for Asia Pacific said that the real estate industry plays an important role in sustainability and it cannot be realized without cooperating with real estate companies. Moreover, since many companies put more emphasis on it, there is also a high demand for green buildings. Therefore, she thinks that landlords will be required to renovate their buildings to meet the demand and desirable standards to minimize the impact on the environment, and investors will be conscious of investing in green certified assets. Green-certified buildings will be mainstream and people’s awareness of the environment will further increase.

 

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